Question: A new applicant, age 45, is applying for a loan. Using the table below, what is the estimated probability that the loan will be approved?

A new applicant, age 45, is applying for a loan. Using the table below, what is the estimated probability that the loan will be approved? k = 4.

Record

Age

Marital

Loan

Risk

Default

1

34

Other

ps

5,100.00


Half

Yeah

2

24

Single

ps

20,000.00


Alto

Yeah

3

49

Married

ps

3,000.00


Alto

No

4

32

Single

ps

13,000.00


Low

No

5

44

Married

ps

10,000.00


Low

Yeah

6

53


ps

9,000.00






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